Las Vegas, Nevada – A New York man wins a $160.5 million lawsuit against Las Vegas Cosmopolitan Hotel and Casino


Posted on the 30th of April 2017

Las Vegas, Nevada – A New York man wins a $160.5 million lawsuit against Las Vegas Cosmopolitan Hotel and Casino

After spending approximately $10,000 at Las Vegas’s Cosmopolitan during 2012, hedge fund manager David Moradi was making his way out of the Marquee nightclub. That’s when the club manager and security informed Moradi that there was an issue with his signature and asked him to turn over his identification and credit card. When Moradi refused, a violent physical altercation took place that left Moradi with serious head injuries, a bruised right eye, a sore neck, and sore arms and legs. According to the 2014 lawsuit, Moradi had difficulty walking and concentrating and endured headaches, disorientation and anxiety. A Las Vegas neurosurgeon diagnosed Moradi as having sustained a traumatic brain injury, and his lawyers argued that this is what led to the collapse of the hedge fund that he was managing. In 2012, Moradi was managing a hedge fund that was worth approximately $1 billion, and had received approximately $11 million for managing it in 2011. Moradi claimed that he has been unable to find similar work since the hedge fund was shut down. Cosmopolitan argued that the hedge fund was falling apart before the incident took place and that Moradi did not suffer a brain injury or any permanent damage. Following a lengthy trial, the jury awarded Moradi with $160.5 million for damages and the loss of future income.

Update: According to the Las Vegas Review Journal, lawyers for Moradi reached a new settlement agreement on Friday the 28th of April. The details have not been disclosed.

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